Shore Capital Reiterates “Buy” Rating for Barclays (LON:BARC)

Shore Capital reaffirmed their buy rating on shares of Barclays (LON:BARC) in a research report released on Thursday morning, MarketBeat.com reports.

A number of other equities research analysts have also issued reports on BARC. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 270 ($3.51) price objective on shares of Barclays in a report on Monday, September 9th. Citigroup reaffirmed a “buy” rating on shares of Barclays in a research report on Monday, September 2nd. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, Barclays presently has a consensus rating of “Buy” and a consensus price target of GBX 276 ($3.58).

Barclays Trading Down 1.3 %

Shares of Barclays stock opened at GBX 244.95 ($3.18) on Thursday. The firm’s 50-day moving average price is GBX 227.99 and its 200 day moving average price is GBX 217.28. The firm has a market capitalization of £35.54 billion, a PE ratio of 954.04, a P/E/G ratio of 1.15 and a beta of 1.36. Barclays has a twelve month low of GBX 128.12 ($1.66) and a twelve month high of GBX 251.30 ($3.26).

Barclays Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, September 20th. Investors of record on Thursday, August 15th were paid a dividend of GBX 2.90 ($0.04) per share. The ex-dividend date was Thursday, August 15th. This represents a dividend yield of 1.24%. Barclays’s payout ratio is 3,076.92%.

Insider Activity at Barclays

In other news, insider Dawn Fitzpatrick acquired 5,259 shares of Barclays stock in a transaction dated Friday, August 2nd. The shares were acquired at an average cost of GBX 210 ($2.73) per share, for a total transaction of £11,043.90 ($14,339.00). In other news, insider Anna Cross sold 49,013 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of GBX 221 ($2.87), for a total value of £108,318.73 ($140,637.15). Also, insider Dawn Fitzpatrick bought 5,259 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were acquired at an average cost of GBX 210 ($2.73) per share, for a total transaction of £11,043.90 ($14,339.00). 1.47% of the stock is owned by corporate insiders.

About Barclays

Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International division segments. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.